Corporate News 03-Mar-23
Linde India acquires 26% in FPEL Surya for captive power use
Linde India has invested Rs 7.69 crore in FPEL Surya towards subscription of 15,39,000 equity shares (26%) of face value Rs. 10/- each (allotted at a premium of Rs. 40/- each). The acquisition will enable the company to purchase of renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings.
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